April 8, 2025
(press release)
–
NEW YORK
,
April 8, 2025
/PRNewswire/ --
The Loren Group
is delighted to announce the acquisition of the iconic
Elbow Beach Hotel
and Fritholme Garden Residences in
Bermuda
, a landmark property situated on
Bermuda's
picturesque southern shore. This strategic acquisition underscores The Loren's commitment to expanding its luxury hospitality and residential footprint and enhancing Bermuda's hospitality landscape. The Loren at Pink Beach, which opened in 2017, has been the marquee, luxury property in
Bermuda
, raising the bar for contemporary hospitality on the island.
"We are honored to take ownership of the historic
Elbow Beach Resort
, a property that holds a special place in
Bermuda's
rich cultural and hospitality heritage. Our vision is to rejuvenate this esteemed property, blending its storied past with The Loren's signature style to create an unparalleled destination for both locals and visitors," says
Stephen King
, CEO & Founder of
The Loren Group
. "This deal is a testament to our dedication to
Bermuda
and the opportunity we see for continued growth as a luxury hospitality brand. We would like to thank all those involved in the transaction including
Butterfield Bank
, EY, Rego Sotheby's
International Realty
, and the
Government of Bermuda
and look to many more years of doing business in
Bermuda
."
The Elbow Beach Resort
, which has remained closed since early 2020, has been a beloved fixture in
Bermuda
for over a century.
The Loren Group
plans to undertake a comprehensive redevelopment of the property. Detailed plans will be shared in the coming months and will deliver a world class mix of luxury real estate, an expansion of the Loren Hotel, restaurants, member and wellness facilities, reflecting the brand's "uncompromising by nature" ethos. In addition to providing new opportunities for ownership in
Bermuda
, this new project will create significant employment opportunities to support the local economy. The Loren Elbow Beach will participate in the brand's Roots Initiative, a program designed to capture carbon through biodiverse reafforestation.
This acquisition builds on
The Loren Group's
continued success and growth, with a portfolio that includes the award-winning Loren at Pink Beach in
Bermuda
, The Loren at
Lady Bird Lake
in
Austin
, and the upcoming Loren at Turtle Cove in Turks & Caicos, set to open in 2026. For more information, please visit
The Loren Hotels
website.
About
The Loren Hotel Group
:
The Loren Hotel Group
is a remarkable collection of luxury hotels, residences and restaurants built around an uncompromising commitment to beauty, culture, community and conservation. With properties in
Bermuda
,
Austin
, and an upcoming development in Turks & Caicos.
For media questions, please contact loren@privatelabel-marketing.com.
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SOURCE
The Loren Hotel Group
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